What is a common title for the head of an Enterprise Risk Management (ERM) group?

The title commonly associated with the head of an Enterprise Risk Management (ERM) group is Chief Risk Officer (CRO). This role specifically focuses on identifying, assessing, and managing risks that could potentially affect an organization’s capital and earnings. The CRO is tasked with developing risk management strategies and ensuring that risk management processes are integrated into the company's operations and decision-making.

In contrast, the Chief Operating Officer (COO) typically focuses on the day-to-day administrative and operational functions of a business, and the Chief Financial Officer (CFO) is responsible for financial planning, record-keeping, and financial reporting. Meanwhile, the Director of Risk Assessment may handle certain aspects of risk management but does not have the same overarching authority or strategic vision required for the head of an ERM group. Therefore, the Chief Risk Officer stands out as the most appropriate title for this leadership role in risk management.